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Diamondback Energy FANG Q1 2026 earnings

Reported May 4, 2026 · After market close

Revenue$4.2BBeat by $405.5MDiluted EPS$4.23Beat by $0.49
Revenue estimate$3.8B
EPS estimate$3.74

Next report

Aug 3, 2026 (In 3 weeks)
Revenue estimate$5.0B
EPS estimate$6.18

Financials

Q1 2026

Income statement

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Revenue$4.2B+4.7%
Operating income$116.0M-93.1%
Net income$25.0M-98.2%
EPS (diluted)$0.08-98.3%

Balance sheet

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Cash & equivalents$176.0M-91.4%
Total debt$14.6B-1.2%
Total equity$36.5B-5.2%
Total assets$70.1B0.0%

Cash flow

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Operating cash flow$1.8B-22.4%

Valuation & ratios

Valuation

as of 07/09/26
See full
Market cap$52.49B+20.2%
Enterprise value$66.96B+18.7%
P/E16.7×—
P/S3.5×+0.1×

Returns & leverage

See full
Debt / equity0.4×0.0×
Current ratio0.6×-0.3×

Segments

By product

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Oil sales$3.4B+13.4%
Sales of purchased oil$385.0M+2.9%
Natural gas liquid sales$359.0M-11.6%
Natural gas sales$21.0M-90.1%

Versus estimates

Revenue

Q1 2026$4.2BBeat by $405.5M
Q4 2025$3.0BMiss by $247.1MQ3 2025$3.9BBeat by $395.3MQ2 2025$3.7BBeat by $303.1MQ1 2025$4.0BBeat by $261.5MQ4 2024$3.7BBeat by $143.3M

Diluted EPS

Q1 2026$4.23Beat by $0.49
Q4 2025$1.74Miss by $0.26Q3 2025$3.08Beat by $0.14Q2 2025$2.67Miss by $0.09Q1 2025$4.54Beat by $0.36Q4 2024$3.64Beat by $0.07

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Questions, answered.

When did Diamondback Energy report Q1 2026 earnings?
Diamondback Energy (FANG) reported Q1 2026 earnings on May 4, 2026 after market close.
What were Diamondback Energy's Q1 2026 revenue and EPS?
Diamondback Energy reported revenue of $4.2B and diluted EPS of $4.23 for Q1 2026.
Did Diamondback Energy beat estimates in Q1 2026?
Revenue beat the consensus estimate of $3.8B by $405.5M. EPS beat the consensus estimate of $3.74 by $0.49.
How did Diamondback Energy's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.2% from $4.0B a year earlier and diluted EPS declined 6.8% from $4.54.
Where can I find Diamondback Energy's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001539838-26-000073) and the 10-Q periodic report (0001539838-26-000077) directly on SEC EDGAR. The filing index links above go to sec.gov.